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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>CBDT Issues Instruction 7/2010 to Simplify Processing of AY 2009-10 Tax Returns with Specific TDS Claim Guidelines.</h1> The Central Board of Direct Taxes (CBDT) has issued Instruction No. 7/2010 to address the backlog in processing income tax returns for the Assessment Year 2009-10. For returns filed using ITR-1 and ITR-2 forms, if the total TDS claim is up to Rs. 3 lakh and the refund is up to Rs. 25,000, the TDS claim will be accepted if the reported TDS payment exceeds zero. For other forms, if the TDS claim is up to Rs. 3 lakh, the refund is up to Rs. 25,000, and there is at least a 10% match of the TDS amount claimed, the claim will be accepted. In all other cases, TDS credit will be verified before acceptance.